North Carolina fares poorly in WalletHub's 2019 Best & Worst States for Jobs report. The Tar Heel State ranked 9th worst in the study.
The state "lacks in commuter friendly jobs, employment growth, and it has a high long-term unemployment rate," Jill Gonzalez, WalletHub analyst, said. "More than a quarter of the state's jobs have high automation risk, there is little access to employer-based retirement plans, and only about a third of the people with disabilities are employed."
Turning to the broad-based economic environment, "there is a large share of workers living in poverty, the average length of the work week is among the highest, and so is the income tax burden for low- and middle-income earners in particular," Gonzalez added.
Coming in at number 42, North Carolina isn't alone among southern states ranking near the bottom of WalletHub's jobs study. Arkansas ranked 44th, Alabama 45th, Louisiana 47th, Mississippi 49th and West Virginia 50th.
WalletHub's annual report series incorporates and analyzes data from a variety of reputable sources, including the U.S. Census Bureau, the Bureau of Labor Statistics and the Council for Community and Economic Research, to produce the report series, which it has been publishing since 2017. The personal finance market research and analysis specialist changed the study methodology for this year's report, so the results are not directly comparable last year's report, the company notes.
"The purpose of our study was to determine the most attractive states for employment. Job hunting is never an easy task, and even though there are more and more opportunities available, finding your dream position can become a challenge," Gonzalez said. "It's important to know what you're looking for, both in terms of financial satisfaction, as well as career development, and we hope our research can make the process of looking for a job easier for our readers."